What's the real cause of the Bitcoin bloodbath?!steemCreated with Sketch.

in #realnews11 months ago (edited)

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Not sure if it's my sixth sense or my newly gained 420 IQ prediction powers from watching about 100 episodes of JoJo's Bizzare Adventure in the past 2 weeks, but I managed to hedge my position pretty nicely in the recent Bitcoin dip.

It was a hunch that came from seeing Bakkt, Bakkt, and Bakkt outside of crypto Steem over the past week. I had guessed then that the market would've already priced-in the hype on Bitcoin and it was about to fall soon after Bakkt Bakkt'd up. It could even be people cashing out for emergency Lambos and mansions.. or a million other reasons, but whatever.

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Base image source: Pexels

Anyway, forget about all the nonsense I just said above lol. Sorry for the clickbait. I actually just wanted to share this news:-

Ohad Asor from IDNI's Tau-Chain & Agoras just recently published a new blogpost on "Consensus and Options" around the same day when Bakkt opened its doors. Have a read, particularly on the explanation of "risk free interest without inflation" using the Black-Scholes model.

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And there's a fresh github commit on Tau Alpha today! Currently, there are 4 developers working on the meat of the project, so hopefully we're getting closer to a product that we can all use to begin discovering its potential. It has been a long wait.

Obviously, this news isn't the cause of the bloodbath, if it can even be considered one in the first place. But I still think that crypto in general is really just waiting for a technology like Tau for its next breakthrough. *crypto zombie mode*

Website: http://idni.org
Github repository: https://github.com/IDNI
My introduction post on it: https://steemit.com/blockchain/@kevinwong/what-is-tauchain-and-why-it-could-be-one-of-the-greatest-inventions-of-all-time-part-1


Disclaimer: Not to be taken as financial advice.
Vote @kevinwong as witness today.

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WTF? I just got click baited LOL
That’s actually never happened to me before 👈🏼😂

Some have called me master baiter..
Hope you discovered something cool today :)

Your really a Tauist at heart.😂🤣😅
I think I need to do some research and write a review of this product, so I understand.
And, it’s probably also a good idea to have some non-steem centric posts on Steemit.
Take Care,
✍🏼

Lol I really can't help it. Got kinda disinterested in a lot of things ever since coming across it. Please let me know what you'd like to read more about the project! And yeap, feel free to drop me a msg on discord whenever you post up something about it :)

Not sure if it's my sixth sense or my newly gained 420 IQ prediction powers from watching about 100 episodes of JoJo's Bizzare Adventure in the past 2 weeks,

i have even read the manga :P

xD Anime Man on youtube said he took 41 days to finish the manga. I'll just stick with the anime..

it will worth the wait, trust me :P

Perhaps bakkt will lead to a healthy Bitcoin market in the near future. It's a bloodbath now, but who knows later on. Eventually everything will go up.

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Eventually everything will go up.

That's too gungho of a statement lol.

Yeah I gotta admit jojo's bizarre adventures is off the chain. Only had finished the first series, maybe once I finish them all I'll finally be able to actually comprehend what tau really about.

Shill on, I guess.

Lol the first series is so mild compared to the rest! You'll be able to see Araki's growth as a writer/artist very clearly right from the 2nd series.

I think people are down playing this google quantum thing. People are shrugging it off and i think this is dangerous. I also think a hidden hand has begun to sell possibly Craig Wright.

Fair alarm, although not much of a concern really as it comes with narrow use cases. There are also quantum resistant methods available already.

Haven't felt that tricked since my date switched the roofied drink on me

lol but at least i told you

I'll forgive the clickbait title just cuz I'm glad to see a real post from you again.
Lol

Has newsteem and the free downvotes restored your faith?

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Hmm a little a couple weeks ago, but still not really seeing an improvement in content..

No upvote for you, you clickbaiter :))) :p

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It's better than 99.99% of clickbaits on the net :p

You can do better :p

Obviously I also fell for the clickbait 😂
Interesting article. It is good to see there are a lot of good academic studies on different possible mechanisms on blockchain.

Tau's main innovation is the scaling of discussions, so it's likely gonna be the facilitator of "academic studies on different possible mechanisms on blockchain" as well :)

That’s good. Hope to read more of their studies and publications.

I wanna know more about TAU, kindly explain more how it works in crypto

there are many reasons but whales like to play it in their own way

Very interesting! Thanks for sharing!

Thanks for sharing this news !

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Congratulations @wdougwatson, you are successfuly trended the post that shared by @kevinwong!
@kevinwong got 0.00646200 TRDO & @wdougwatson got 0.00430800 TRDO!

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Funny enough you are not far from the truth it caused a dump in the price of crypto in general and will also cause the pump to break that 13k resistance

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I’m thinking that this current market behaviour is Buy the rumour, Sell the News! 🤔

I started reading, then I saw chicken and got hungry lol

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